UNFI

Broadstone Net Lease Provides First Quarter 2024 Business Update

Retrieved on: 
Wednesday, April 3, 2024
Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, REIT, GAAP, UNFI, Letter, Growth, BNL, Sale, Investment, Public expenditure, ABR, Commercial property

Broadstone Net Lease, Inc. (NYSE: BNL) (“Broadstone,” “BNL,” the “Company,” “we,” “our,” or “us”), today provided a business update for the quarter ended March 31, 2024.

Key Points: 
  • Broadstone Net Lease, Inc. (NYSE: BNL) (“Broadstone,” “BNL,” the “Company,” “we,” “our,” or “us”), today provided a business update for the quarter ended March 31, 2024.
  • Additionally, the Company announced that it will be participating in the Morgan Stanley Triple Net REIT Day on April 9, 2024.
  • During the first quarter, we invested $40.1 million, including $37.1 million in development fundings and $3.0 million in revenue generating capital expenditures.
  • The facility will be leased to UNFI pursuant to a 15-year net lease with multiple renewal options and 2.50% annual rent escalations.

Starco Brands Announces Fourth Quarter and Full Year 2023 Results and Business Update

Retrieved on: 
Wednesday, April 3, 2024
Online Retail, Cosmetics, Retail, Consumer, Wine & Spirits, Millennials, Food, Beverage, AOS, Total Wine & More, Sobeys, Depreciation, UNFI, Caramel, Marketing, Powder, Amazon, Partnership, Safeway, Ice, Acquisition, Kroger, Adjustment, AMC, GAAP, Museum, Administration, Soylent, Vanilla, Growth, Production board, Amazon (company), Albertsons, GV (company), NNDB, Video game

Reported net revenue for the fourth quarter of 2023 was $18.9 million, compared to $4.0 million in the fourth quarter of 2022.

Key Points: 
  • Reported net revenue for the fourth quarter of 2023 was $18.9 million, compared to $4.0 million in the fourth quarter of 2022.
  • Compensation expense was $10.6 million in the fourth quarter of 2023, compared to $0.8 million in the fourth quarter of 2022.
  • Professional fees were $1.7 million in the fourth quarter of 2023, compared to $0.8 million in the fourth quarter of 2022.
  • Adjusted EBITDA was approximately $2.1 million for the fourth quarter of 2023, compared to $1.5 million for the fourth quarter of 2022.

UNFI WORKERS IN GEORGIA JOIN TEAMSTERS

Retrieved on: 
Wednesday, March 20, 2024
International Brotherhood of Teamsters, News, United Natural Foods, UNFI, Workplace, NLRB, Pension fund

ATLANTA, March 20, 2024 /PRNewswire/ -- Drivers at United Natural Foods, Inc. (UNFI) in Atlanta have voted by 95 percent to join Teamsters Local 728. The organizing victory marks the end of a monthslong campaign by UNFI workers to win strong union representation and is the second Teamsters organizing victory at the company in less than two months.

Key Points: 
  • The Teamsters have filed unfair labor practice charges against UNFI for its obvious and unlawful attempt to destroy workers' rights.
  • Last year, more than 1,000 workers at the company voted to join the Teamsters nationwide.
  • The Teamsters represent more than 4,000 members at UNFI across the U.S.
    "This resonant victory is just the latest example of UNFI workers joining together to take control of their workplace.
  • If UNFI wants to continue committing serious unfair labor practices, they will embolden and mobilize more workers to join our fight.

Navis Food Partners Formed to Build Independent Foodservice Distribution Platform in the Northeast

Retrieved on: 
Friday, March 8, 2024
Supply Chain Management, Professional Services, Retail, Restaurant, Bar, Finance, Food, Beverage, Acquisition, Growth, UNFI, Partner, Partnership

Navis Food Partners, a newly formed holding company focused on building a premier independent foodservice distribution platform in the Northeast, announced its official launch today.

Key Points: 
  • Navis Food Partners, a newly formed holding company focused on building a premier independent foodservice distribution platform in the Northeast, announced its official launch today.
  • With City Line Distributors as its foundational acquisition, Navis Food Partners aims to establish an industry-leading foodservice distribution platform serving independent customer channels across the region.
  • “We are thrilled to announce the formation of Navis Food Partners as the next stage of our partnership with the team at Frontenac,” said Robert Berkowitz the CEO of Navis Food Partners.
  • “Our vision is to create a best-in-class foodservice distribution platform that delivers exceptional service and value to our independent restaurant operators throughout the Northeast.

United Natural Foods Names Giorgio Matteo Tarditi President and Chief Financial Officer

Retrieved on: 
Wednesday, March 6, 2024
Supply Chain Management, Online Retail, Retail, Other Retail, Supermarket, Food, Beverage, CFO, Acquisition, Food court, GE Oil and Gas, Multimedia, Accounting, United Natural Foods, Risk management, Renewable energy, Aviation, Bocconi University, Treasury, SUPERVALU, GE Aviation, Knowledge, UNFI, Management

United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) today announced that Giorgio “Matteo” Tarditi has been named President and Chief Financial Officer (CFO), effective April 15.

Key Points: 
  • United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) today announced that Giorgio “Matteo” Tarditi has been named President and Chief Financial Officer (CFO), effective April 15.
  • He succeeds John W. Howard, UNFI’s current Chief Financial Officer, who will leave the Company following a transition period.
  • View the full release here: https://www.businesswire.com/news/home/20240306555209/en/
    United Natural Foods, Inc. names Giorgio Matteo Tarditi as President and Chief Financial Officer, effective April 15, 2024.
  • “I am thrilled to join UNFI’s talented team, renowned for its customer-centric and collaborative culture,” said Tarditi.

United Natural Foods Showcases Compelling Solutions to Help Grocery Retail Customers Thrive in Competitive Market

Retrieved on: 
Friday, February 23, 2024
Technology, Other Retail, Supermarket, Specialty, Software, Food, Beverage, Data Management, Supply Chain Management, Retail, Organic Food, Food court, Multimedia, Vitamin, United Natural Foods, Skin, Nutrient, Negotiation, UNFI, Food safety, Online shopping

United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) successfully wrapped up its second Spring & Summer Show of the year in Orlando, FL this week.

Key Points: 
  • United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) successfully wrapped up its second Spring & Summer Show of the year in Orlando, FL this week.
  • Over the two-day event, the Company hosted more than 3,300 customers from UNFI’s U.S. East and Central regions.
  • They connected with UNFI’s extensive community of suppliers from across North America, who were offering a wide range of conventional, fresh, natural, and organic products as well as retail solutions for the total store.
  • For more information on UNFI Shows, customers or suppliers can visit: https://www.unfi.com/shows-events or email [email protected] .

United Natural Foods to Release Fiscal 2024 Second Quarter Results on March 6, 2024

Retrieved on: 
Wednesday, February 21, 2024
Supply Chain Management, Online Retail, Retail, Other Retail, Supermarket, Food, Beverage, Food court, United Natural Foods, UNFI, Webcast

United Natural Foods, Inc. (NYSE: UNFI) will release financial results for its fiscal 2024 second quarter, ended January 27, 2024, the morning of Wednesday, March 6, 2024.

Key Points: 
  • United Natural Foods, Inc. (NYSE: UNFI) will release financial results for its fiscal 2024 second quarter, ended January 27, 2024, the morning of Wednesday, March 6, 2024.
  • Management will host a conference call that morning at 8:30 a.m.
  • To access the conference call, please dial (888) 660 - 6768 (U.S. toll-free) and reference conference ID number 1099581.
  • An online archive of the webcast will be available for 120 days.

TiNDLE Foods to Reveal Line of New Stuffed Chicken and Barista Milk Innovations at Natural Products Expo West 2024

Retrieved on: 
Wednesday, March 6, 2024
Giant, Berkeley Bowl, Garlic, Price Chopper, Booth, Dot Foods, Sugar, Entrepreneurship, Giant Eagle, Drink, Creativity, Taste, Chicken tikka masala, UNFI, Grocery store

Additionally, TiNDLE Foods is previewing its first plant-based dairy product at this year's Expo West with TiNDLE Barista Oat Milk, a premium oat-based milk that performs exceptionally well in morning beverages.

Key Points: 
  • Additionally, TiNDLE Foods is previewing its first plant-based dairy product at this year's Expo West with TiNDLE Barista Oat Milk, a premium oat-based milk that performs exceptionally well in morning beverages.
  • TiNDLE Chicken and TiNDLE Breakfast Sausage are available for orders through major distributors, including DOT Foods, KeHE, and UNFI.
  • TiNDLE Stuffed Chicken will be available to order in Spring 2024, while further details on TiNDLE Barista Oat Milk's rollout will be available in late 2024.
  • For those not located in an area serviced by TiNDLE retail partners, TiNDLE Chicken can also be purchased online through PlantX.com for direct delivery.

United Natural Foods Successfully Concludes First Full-Assortment Selling Show in San Diego

Retrieved on: 
Friday, February 9, 2024
Supply Chain Management, Professional Services, Supermarket, Data Management, Specialty, Electronic Commerce, Technology, Food, Beverage, Organic Food, Data Analytics, Retail, Other Professional Services, Food Tech, Geography, Professional services, Growth, Multimedia, New Seasons Market, United Natural Foods, Food court, Seafood, UNFI, Online shopping

United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) concluded its first comprehensive product and solution regional selling show, reinforcing the Company’s customer and supplier-focused strategy.

Key Points: 
  • United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) concluded its first comprehensive product and solution regional selling show, reinforcing the Company’s customer and supplier-focused strategy.
  • The show also featured UNFI’s Professional Services, which is focused on driving growth and efficiency for retailers.
  • View the full release here: https://www.businesswire.com/news/home/20240209793584/en/
    United Natural Foods, Inc. completed its first comprehensive product and solution regional selling show, reinforcing the Company’s customer and supplier-focused strategy.
  • The San Diego winners were Tea Drops, which makes a fair-trade, eco-friendly alternative to tea bags, and Fishwife, which produces premium, ethically-sourced, tinned seafood.

Pitney Bowes Announces Continued Refreshment of its Board of Directors

Retrieved on: 
Wednesday, January 31, 2024
Engineering, Chemicals, Plastics, Logistics, Supply Chain Management, Transport, Manufacturing, Other Manufacturing, Other Transport, MLR, Hanesbrands, GM, COVID-19, WMT, General counsel, Kohlberg Kravis Roberts, DRI, DEO, Darden Restaurants, Hestia, Brinker International, GME, General Motors, Miller Industries, Florida Department, Cadbury, United Natural Foods, Ohio State University, Corporation, Pitney Bowes, SuperValu, Health administration, Acquisition, Trust, Annual general meeting, KKR, UNFI, Professional services, Management

“It has been a privilege to lead the Board of Pitney Bowes, a storied business with a more than 100-year history of change and innovation.

Key Points: 
  • “It has been a privilege to lead the Board of Pitney Bowes, a storied business with a more than 100-year history of change and innovation.
  • I look forward to working with management and the rest of the Board, including our newest members, to build on this momentum between now and the Annual Meeting.
  • Mr. Simon is an experienced public company director and former executive, with skills and perspectives that will be additive to Pitney Bowes’ Board.
  • Ms. Sutton is a public company director and former executive with extensive experience that will be additive to Pitney Bowes’ Board.